Which of the following is a strong indicator that a material weakness in internal control exists?

Question

Quizplus · Accepted Answer

A restatement of previously issued financial statements to reflect correction indicates that there were material misstatements in the originally issued financial statements, which suggest a material weakness in internal control. The restatement may have been caused by the failure of the control activities or the accounting system to prevent or detect the misstatements in a timely manner. Options B to D do not necessarily suggest a material weakness in internal control.

Which of the Following Is a Strong Indicator That a Material